HC Deb 26 January 1971 vol 810 c55W
22. Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer if he will initiate discussions with the International Monetary Fund regarding the desirability of suspending the upper limit to the parity of the £ sterling.

Mr. Barber

No.

30. Mr. Deakins

asked the Chancellor of the Exchequer if he will be prepared to devalue the £ sterling in order to enable the United Kingdom to meet the heavy balance of payments burden in the event of United Kingdom entry into the European Economic Community.

Mr. Barber

No. The point does not arise because we shall maintain a balance of payments surplus sufficient to enable us, among other requirements, to meet the initial costs of membership of E.E.C.

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